Albion Capital have launched an £80 million fundraise across six of their Venture Capital Trusts (VCTs) to invest in high-growth UK companies.
A £20m top-up facility will also be included to provide further scope for additional investment into Albion’s strong pipeline of potential deals.
Albion Capital’s portfolio consists of 70 high-growth companies including Data Analytics company Quantexa, and diet and lifestyle coaching app Oviva.
Demonstrating the growth of companies held in their portfolio, the 15 largest healthcare and technology companies is Albion’s portfolio grew their revenues by 35% to £120m in the last twelve months.
Albion Capital VCTs returned an average annual return of 8.4% over the 10 years to 30 September 2021 and 10.3% p.a. over 5 years. Their returns over 3 years, excluding tax relief, are 8.4% annually.
Albion Capital’s Venture Capital Trusts each have a dedicated theme across technology, healthcare and renewable energy.
Amount to be raised under each Offer, and over-allotment facility across the six Albion VCTs:
|Albion Development VCT PLC||£15m/£6m|
|Albion Enterprise VCT PLC||£20m/£3m|
|Albion Technology & General VCT PLC||£20m/£4m|
|Albion Venture Capital Trust PLC||£10m/£0m|
|Crown Place VCT PLC||£7m/£5m|
|Kings Arms Yard VCT PLC||£8m/£2m|
“This new fundraise demonstrates Albion Capital’s ongoing commitment to supporting the UK’s most ambitious, innovative companies which are at an inflection point in their development, requiring additional funding to accelerate growth,” said Will Fraser-Allen, Managing Partner at Albion Capital.
“Despite the incredible progress and acceleration of digital adoption in recent years there is no slowing of investment opportunities and we remain extremely optimistic about the future.”
“We have been privileged to manage VCTs for over 20 years and are excited to continue providing a patient source of capital to entrepreneurs who are building the future of the UK economy and creating thousands of jobs in the process.”
Venture Capital Trusts raised £685m in the 2020 tax year across a total of 42 trusts.